Vulcan Company's contribution format income statement for June is as follows: Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining sales and cost records, you have determined the following: a. The company is divided into two sales territories-Northern and Southern. The Northern Territory recorded $400,000 in sales and $180,000 in variable expenses duting June, the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $208.000 and $125.000 are troceable to the Northern and Southem Territories, respectively. The rest of the fixed expenses are common to the two territories. b. The company is the exclusive distributor for two products--Paks and Tibs. Sales of Paks and Tibs totaled $120.000 and $280.000 respectively, in the Northern territory during June. Variable expenses are 24% of the selling price for Paks and 54% for Tibs. Cost records show that $52,800 of the Northem Tertitory's fixed expenses are traceable to Paks and $53,200 to Tibs, with the remainder common to the two products Required: 1.a. Prepare contribution format segmented income statements for the total company broken down between sales teritories. 1.b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. Answer is not complete. Complete this question by entering your answers in the tabs below. Required: -a. Prepare contribution format segmented income statements for the total company broken down between sales territories, -b. Prepare contribution format segmented income statements for the Northem Territory broken down by product line Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare contribution format segmented income statements for the total company broken down between sales territories. (Round the percentage answers to one decimal place (i.e. 1234 should be entered as 12.3).) Complete this question by entering your answers in the tabs below. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. (Round the answers to one decimal place (i.e .1234 should be entered as 12.3).)